OpenStax, Intermediate Algebra 2e §2.7 Solve Absolute Value Inequalities · Review Exercise 128 · Algebra · Inequalities
Solve Absolute Value Inequalities · Review Exercise 128
Solve.
Enrique borrowed $23,500 to buy a car. He pays his uncle 2% interest on the $4,500 he borrowed from him, and he pays the bank 11.5% interest on the rest. What average interest rate does he pay on the total $23,500? (Round your answer to the nearest tenth of a percent.)
OpenStax, Intermediate Algebra 2e · §2.7 Solve Absolute Value Inequalities · Review Exercise 128
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Checked against the answer in OpenStax, Intermediate Algebra 2e.